We are seeing a lot of bleeding in all the cryptocurrencies including Bitcoin. Market is crashing! The capitalization of crypto currencies has come down to below USD $ 80 Billion which has touched USD $ 110 Billion last month.
Like other cryptocurrencies, the price of STEEM is also falling continuously. SBD too was falling but since yesterday, SBD has reached a little steady level of USD $1. As the price of STEEM continues to decrease the gap between STEEM and SBD is closing.
Earlier 1 STEEM was costing around 1.7 SBD, which is now costing almost 1.1 SBD. Isn't it great that you can get as many STEEM as your SBDs?
If you have SBDs and you want to convert it then go to market (https://steemit.com/market) and purchase STEEM. You can convert your STEEM to SP (Steem Power) too if you want.
Follow me ( @cryptocurrencyb) to stay updated about crypto currency world! We track Bitcoin and all other altcoins.
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Very clever! As things stabilize this should return to normal meaning more Steem for your SBDs.
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Thanks @ldauch. It looks like market will start getting stale in month of August now. They say that segwit2x is going to affect much to Bitcoin and that will indirectly shake other crypto coins too. So now it is wait game. We'll have to wait till next month to see what comes out!
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Not a bad idea
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Yes, thanks.
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I think it is better to buy Steem now... It will rise soon... So, it's good time.
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In fact, the price of STEEM has already started improving as the market is getting in better condition. So, right now is the best time to buy STEEM using your SBD (Steem Baked Dollar) or with other crypto currency you have (ETH, BTC, etc).
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